Yes we cover Detroit:)

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

There will always be people with money who want a second home in Colorado who are fine as long as their mortgage is covered.

Originally posted by @Mitch Wittman:So will the Fund & Grow along with using Plastiq method to cover the whole purchase price of a property work?

Is all this covered pretty clearly in the gov't handbook for landlords?

Or do they leverage debt, and use the subsidies to cover the equity needed?

This is the percentage of costs (purchase and rehab) covered by the loan.

I’ll cover a few of those for you as well as try to offer some advice.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.